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20) Larry is looking to purchase some bonds. He wants a non callable bond, Bond HHH for a price of 950. Bond HHH has the

20) Larry is looking to purchase some bonds. He wants a non callable bond, Bond HHH for a price of 950. Bond HHH has the following

face value 1000

Coupon rate 5%

maturity 10 years

If larry thinks bonds that have a comparable risk proficle to bond HHH should have yeilds to maturity of 7%. Larry should buy bond HHH becuase it is cheap

True or false

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